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CNBC
Feb 24, 2013 8:00pm EST
as the internet. in less than a decade, the pentagon's warning that it might be possible for a computer hacker to disable critical infrastructure in a major city and disrupt essential services has actually happened. other online attacks have seen millions of dollars stolen from banks and defense systems infiltrated. it's why, as we first reported in november of 2009, some people are already saying that the next big war is less likely to begin with a bang than a blackout. >> can you imagine your life without electric power? >> until february 2009, retired admiral mike mcconnell was the nation's top spy. as chief of national intelligence, he oversaw the central intelligence agency, the defense intelligence agency and the national security agency. few people know as much about cyber warfare, and our dependency on the power grid, and the computer networks that deliver our oil and gas, pump and purify our water, keep track of our money, and operate our transportation systems. >> if i were an attacker and i wanted to do strategic damage to the united states, i would either take the cold of winter or
CNBC
Feb 6, 2013 12:00pm EST
of cash. he was very confident pentagon ab -- confident being able to self-fund the transformation and key to whether they attract new customers. as far as comp sales issues, he is coming up against significantly softer comps this year and you may see growth. antidotally we heard their holiday period was pretty good and were able to attract new customers and get some traction. >> finally, stacy, i wouldn't call it a potshot but a shot across the bow the shorts saying investors these days try to make money in what he called short artificial ways. deserved or not? >> i think that's -- that's the environment. there will be short term investors looking at this stock. he wants us to focus on long term. the short term reality is comps are down 30 something percent probably this quarter. the short term is what we have to look at. >> fascinating stuff today. thank you very much for your insight. we'll talk to you later. let's get back to headquarters and the halftime. >>> carl thank you very much. we go to the halftime show. the dow is down a point. one market watcher says the s&p will drop 200 po
CNBC
Feb 7, 2013 4:00pm EST
the pentagon to allocate the cuts in their best judgment rather than forcing certain cuts on them. that would be one helpful thing, but i think the bargaining power almost requires that we allow it to happen before -- before anybody is going to get serious about their negotiation. i agree. it's a terrible idea, but it's maybe a bad idea whose time has come. >> laura you say it's not next to happen. >> right. >> you say there's no debt crisis. how would you describe the 16 trillion debt. >> so what i would say, look, there were estimates out there at the beginning of the year we needed about $4 trillion to stabilize the debt-to-gdp ratio. we're about 60% of the way there. we do need additional revenue increases or spending cuts over the next decade, but let me emphasize. over the next decade. not at a moment in time when the economy has 7.9% unemployment and is operating under its capacity to the tune of maybe six percentage points below capacity. this is a terrible time to do what needs to be done, and it's also a terrible way to do it because it's like telling a business you have to cut ever
CNBC
Feb 7, 2013 5:00pm EST
, so, it's a big story we're watching, as well. the pentagon, meantime, saying two ships will not be going to the persian gulf to save money, so, you'd think that would hurt shares of the defense stocks involved. nope. the uss truman and the uss gettiesburg both ships are staying put, yet shares of both companies moved up today. so did other defense names, except lockheed. goldman says, quote, we do not believe the market is materially pricing in the risk that sequestration will occur march 1st, melissa. >> you think in the dfx, just a few points away from its record high. >> yeah, and these stocks, jane mentioned lockheed martin, a tremendous run, up to 96. it's pulled back nine or ten, so, i'm still a big believer. general dynamics up a percent or so today. out of all of them today, i think lmt is the most interesting right here. >> jane? >> the ultimate sign of a housing recovery. barbie, the only blond older than i am, is seller her dreamhouse for $25 million on trulia. josh altman is her agent. the home covers 8,500 square feet, but that's a lie. i know this. it's on
CNBC
Feb 21, 2013 4:00am EST
billion in budget cuts set to begin in just eight days. on the same day, the pentagon outlined plan toes furlough some 800,000 civilian workers to save money. these interviews are part of the white house strategy to blame potential job losses on the gop. >> instead of us cutting education, instead of us cutting the mental health programs, instead of us affecting military readiness and a whole range of other things that are important to our security and prosperity, we should be focused on programs that we know don't work, waste in government, and some of these tax loopholes that we could close that frankly benefit the well off and well connected. >> now, congress isn't in session this week. it isn't expected to reach a deal by the march 1st deadline to prevent the sequester. so, ideal, the physical mini cliff continues. >>> david einhorn is taking his case against apple directly to the company's shareholders. he's seeking an injunction to get rid of a system to issue pressed stock. einhorn will hold a conference call with investors today, an interesting move and one that's seeing apple sh
Search Results 0 to 4 of about 5